Total Return Securities Fund (SWZ) director adds 1,000 shares in open-market buy

Rhea-AI Filing Summary

Total Return Securities Fund director Moritz A. Sell reported a purchase of 1,000 shares of common stock on August 10, 2026 at $5.91 per share in an open-market or private transaction. Following this trade, direct holdings total 25,246 shares, which the footnote states includes shares acquired through the issuer's dividend reinvestment plan.

Insider Trade Summary

Net Buyer: 1,000 shares

Net Buy 1 txn

Insider SELL MORITZ A

Role Director

Bought 1,000 shs ($6K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	1,000	$5.91	$6K

Holdings After Transaction: Common Stock — 25,246 shares (Direct)

Footnotes (1)

1. F1. Amount includes shares acquired through the Issuer's dividend reinvestment plan.

Key Figures

Shares purchased: 1,000 shares Purchase price: $5.91 per share Shares owned after transaction: 25,246 shares +1 more

4 metrics

Shares purchased 1,000 shares Common stock acquired on August 10, 2026

Purchase price $5.91 per share Price for the 1,000-share common stock purchase

Shares owned after transaction 25,246 shares Direct holdings after the reported purchase, including DRIP shares

Net shares bought 1,000 shares Net buy volume across all reported transactions in this filing

Key Terms

dividend reinvestment plan, open market or private transaction, Form 4

3 terms

dividend reinvestment plan financial

"includes shares acquired through the Issuer's dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

open market or private transaction financial

"Purchase in open market or private transaction"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did Total Return Securities Fund (SWZ) report?

Total Return Securities Fund director Moritz A. Sell reported buying 1,000 shares of common stock on August 10, 2026 at $5.91 per share in an open-market or private transaction.

How many SWZ shares does Moritz A. Sell hold after this transaction?

After the reported purchase, Moritz A. Sell directly holds 25,246 shares of Total Return Securities Fund common stock. A footnote explains this amount includes shares acquired through the issuer's dividend reinvestment plan.

Was the SWZ insider transaction a purchase or a sale?

The reported SWZ insider transaction was a purchase. Moritz A. Sell acquired 1,000 shares of common stock on August 10, 2026, coded as a P transaction for an open-market or private purchase.

What price did the SWZ insider pay per share in this Form 4?

The insider purchase was reported at $5.91 per share for 1,000 shares of Total Return Securities Fund common stock. The price is noted as a per-share amount in the transaction data.

Does the SWZ Form 4 mention a dividend reinvestment plan?

Yes. A footnote states the reported post-transaction holding of 25,246 shares includes shares acquired through the issuer's dividend reinvestment plan, indicating some holdings were accumulated via automatic reinvestment of dividends.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SELL MORITZ A

(Last) (First) (Middle)

C/O ULTIMUS FUND SOLUTIONS

225 PICTORIA DR., SUITE 450

(Street)

CINCINNATI OHIO 45246

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Total Return Securities Fund [ SWZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/10/2026		P		1,000	A	$5.91	25,246(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Amount includes shares acquired through the Issuer's dividend reinvestment plan.

	/s/ Stephanie Darling, as Power of Attorney	08/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)